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Riot Platforms Inc.’s Shares Reel: 5.10% Quarterly Revenue Decline Amid 2.06B Market Cap

Riot Platforms Inc. (RIOT) has a current stock price of $10.93. During the previous trading session, the stock witnessed a notable rise, reaching a high of $11.59 after opening at $11.365. The stock’s low for the day was $10.91, and it eventually closed at $10.77.

Riot Platforms Inc. had a pretty favorable run when it comes to the market performance. Over the past year, the company’s stock reached a high of $20.65 on 07/14/23, while the lowest price during the same period was $3.25 on 12/28/22.

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52-week price history of RIOT Stock

Analyzing the 52-week price history of a stock, including its high and low prices, can provide valuable insight into its current status and potential future performance. Riot Platforms Inc.’s current trading price is -47.07% away from its 52-week high, while its distance from the 52-week low is 236.31%. The stock’s price range for this period has remained between $3.25 and $20.65. The Financial sector company’s shares managed to surpass a trading volume of around 22.74 million for the day, which was noticeably higher compared to the shares’ average daily volume of 22.18 million over the last three months.

Financial Performance and Market Capitalization

Riot Platforms Inc. (RIOT) has experienced a quarterly rise of 5.10% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.06B and boasts a workforce of 489 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 12.95, with a change in price of +0.22. Similarly, Riot Platforms Inc. recorded 21,760,760 in trading volume during the last 100 days, posting a change of +2.05%.

RIOT Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for RIOT stands at 0.00. Similarly, the long-term debt-to-equity ratio is also 0.00.

RIOT Stock Stochastic Average

As of today, the raw stochastic average of Riot Platforms Inc. over the last 50 days is at 8.22%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 34.94%. Further, the company’s Stochastic %K and %D values for the last 20 days were 32.39% and 23.98%, respectively.

RIOT Stock Price Performance Analysis

Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. The index has shown a price gain of 222.42% this year. Over the last six months, there has been a weaker performance of 34.94%. The price of RIOT leaped by -6.66% during the last 30 days period. For the last 5-days stocks have improved 7.79%.

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